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Telecom Firms Warn Argentina
Rules Threaten Investment There

By

Craig TorresStaff Reporter of The Wall Street Journal

Updated June 6, 2000 12:22 a.m. ET

BUENOS AIRES -- A group of 10 telecommunications companies, including the local units of Bellsouth Corp. and Fidelity Investments, warned the Argentine government that their investment plans will be at risk if a new set of telecommunications rules includes a subsidy requirement, high interconnection costs and other barriers to entry.

The joint statement comes only days before the government is to announce a series of critical rules that will determine competition in the $8 billion telecommunications market here later this year....